Read and watch carefully. Learn to think. Opportunities do not turn into a manic-depressive syndrome due to your greed, misunderstanding of work and processes, both local and global.
Shown in the graph for comparison. Today's situation is 19 05 21 ("Creativity 19") versus 13 03 21 ("Creativity 13") a similar situation in the past. Your intelligence in the right direction can make you rich if you think for yourself and control your emotions.
1) "Deceptions" in the growing trend of 2017. Playing with the psychology of desires and expectations. Simple psychology.
March 2017 july 2017 september 2017
I would like to draw attention to how the expectation and disappointment of the main market participants are used here for "driving a round dance of greed".
2) "Faith that cannot be killed". Situation after the peak of 2020. 17-12-17 "Revolution".
17 12 2019 06 03 2020
3) Dump. Important decision. Manipulation before a scheduled dump. Overdid it ....
14 11 2018 16 12 2018
An "unexpected mess" with .... the main trend. Slow, subtle fix.
4) Dump before BTC halving
13 03 2020 16 03 2020
Start 2 under the stage "Crown" (CrownCode6)
Closing sectors (13/3/22) Using the situation
In such a situation, TA and fortune-telling (inferences due to the data of the old chart history + news background) do not matter. It is simply the desire of a very small group of players at work.
How to counter and use it? Always have your own plan for different outcomes of trading situations, more likely and less. Understand what risk management is and use it in practice. Always protect your profits (the greed of the majority of those who give away does not allow this, it is used). Rise / fall. Your trading system should work in different directions.
Understand the "mood of the crowd", not be among them. No emotion. Cold calculation.
Projection of the above on cash earnings:
1) If you are correct the amount grows in astronomical progression. Gives new potential "For other things" 2) If you are wrong, it does not decrease significantly. Provides new potential "for development in this speculative hobby."
5) Dump before BTC halving. The trading situation is large scale.
13 03 2020 16 03 2020
"The girl did her best" .....
6) Situation 19 05 21. The first "sabotage". 19 05 2021 2021
7) This situation is on a larger scale. 19 05 2021 2021
the decline continues. In the near future, a series of events (improvisation with real embodiment) will take place in the world under which there will be a massive FUD that will give great volatility in this market. As stated earlier, entry on a breakout of a local downtrend (red) or retracement after a breakout upon confirmation of a local reversal (safer). An even more rational and safe entry when leveling out the price movement after stopping the decline with clear interest from buyers. "Catch the bottom and the highs" leave the "hamsters" and those who play in the "casino". While there is a decrease in BTC and the "transfer of money" is going on, the alts are similarly pouring in. If you pay attention to large purchases in the market, you will see that there is a very strong interest in some.
As long as BTC is going down and FUD is going on, the "alt market" will not recover, only some exceptions that are used as a hedge or for which there will be a massive positive "FUD". Therefore, think about what to buy and when and for what part of "free money". Do not play with margin (no stops), strong volatility will kill you out of the blue.
Note
24 on such a significant day there was a breakdown of the local downtrend (red). At the moment, a local triangular formation is being formed. For 3 days, the price has been clamped above the trend line in a narrow corridor. "Uncertainty" is being instilled.
If a breakdown of this formation (red resistance line) occurs, then I schematically depicted potential price movements that are possible depending on the reaction of market participants to important local support / resistance zones and from them the direction of the local trend. This probability is no more. Do not forget that the overwhelming number of altkins follows BTC (why I described it earlier).
Note
Note
Trade situation and local work on the cryptocurrency brand. Tomorrow 10 06 2021
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